Foxconn is not looking to buy out Sharp shareholders. Rather, the company would inject 389 billion yen into Sharp in exchange for new shares, after which it would hold a roughly two-thirds stake, one of the sources told the Journal. (on.wsj.com/1QwXBX7)

Foxconn has also offered to buy 225 billion yen worth of preferred shares held by Sharp’s two main banks, Mitsubishi UFJ Financial Group Inc (8306.T) and Mizuho Financial Group Inc (8411.T), people familiar with the matter told the Journal.